ECB Awards $15.68 Billion
In Refinancing at 2.53% Rate

FRANKFURT -- The European Central Bank said Wednesday that it has awarded 12.11% of bids in its long-term refinancing operation at a marginal rate of 2.53%.

The ECB allotted 15 billion euros ($15.68 billion), as it previously announced. The resulting marginal rate was in line with previous auctions, just about 0.05 percentage points below the reference market rate, the three-month euro interbank offered rate, which is currently at...